261–270 of 396 posts
If you follow any Young People™ you'll notice that they're all using Stories now, which still have ads, but are at least chronological. Posts (the original product) are for "Old People" (28+).
If you’re a big insta user you’re already “two generations” out of date (snap and TikTok).
Facebook aside you really see this across the board on almost any platform, that once the product reaches it's 1.0 stage, (where it is good, does what the users want it to do, and has realised its vision) it begins a process of gradual decay, as the focus of the product managers (now panicking to find some statistics to improve to show their bosses) shifts from "building functionality" to "increasing engagement/reten…
> We, as in the IT industry, need to come up with a culture or methodology of 'declaring a product complete' whereby all product managers are gracefully allowed to move on and a product is put into a state of stasis We live in a time when large companies will divest themselves of profitable but not growing businesses because it gets in the way of the core mission, which for large public companies is only one thing. G…
Facebook is practically dead. It’s just a stream of awful content that isn’t from your friends. It’s hyper advertising and desperate attempts to clone other platforms as it slowly dies. It’ll continue for a long time, eventually becoming yahoo like, but young people do not care about it at all.
Instagram has similarly been over monetised but in an earlier stage. It has been roundly defeated by TikTok, utterly destroyed by TikTok, in the battle for teens’ attention.
Oculus was a great buy but the gap (in terms of years) between instagram’s peak and oculus really coming online is just too wide to “save” the company.
In contrast, WhatsApp is still used across the generations. It’s the one platform where grandparents and grandkids are both active users.
If I were Zuck then I’d focus on turning WhatsApp into an Asian-style chat platform with integrated services. That I can’t wire money on WhatsApp in the U.K. is I think a very very big strategic error on his part.
It seems clear Facebook (meta) can’t build anything truly new, but they can certainly extend platforms - they should focus on WhatsApp. It has longevity, strong network effects, and huge potential. Just don’t use ads and destroy it.
Otoh Facebook deserves to die so I hope he continues to think oculus will save them.
I don't understand Instagram language. My GF uses it. It is full of digital influencers, people who make money because they are digital influencers. Young people with sometimes funny but generally pointless and most often ridiculous dancing moves to an equally ridiculous repetitive song. People buying expensive things, doing idiot things talking about uninteresting details of the uninteresting lives of equally uninte…
I met one of the most brilliant people in my life. Smart, passionate about art, culture, politics. Brilliant student, top of her class from elementary through college. Fluent (as in certified) C2 in English and German. Terrific career as a public servant in foreign politics already in her late 20s. She would never, ever, miss a single episode of a “reality” about dating in tv, a show famous in Italy as “trash tv”. It…
Why is it trash also? I'm sure there's a lot of interesting psychology to unpack there. It's just trash if one thinks we need to dedicate ourselves to "higher purposes" and anything else is "lowly" and "denigrating". As if whatever one chooses to do in their free time, that doesn't hurt anybody, and is just a little human drama in a watchable package that maybe we miss during day to day, as so much of a job life is dry, and that makes us connect to our inner humanity is "trash".
Earlier quoted context omitted.
It’s not a very satisfying answer but personally I believe that there is no material thing linking the price of a stock to the amount of money the company makes. The only thing that drives the price of a stock is whether people think that other people will want to buy the stock for more later. This kind of implies that the whole stock market is a bit of a sham. Which I think is also true. I think the stock market ess…
I'm not sure I agree with this 100%. If this were true, an investor like Warren Buffett, who has always invested by focusing on the fundamentals of the company he is investing in and focusing on real performance/value metrics, would not be able to be as consistently successful as he has been. It's hard to say though, because the market in which he made his initial chunk of capital is not the same market today, and it…
at one point the free money being thrown around then spent on saas, cloud and marketing with fb / google will be pulled back. and then we will see who's naked. it might not be today, it might not be tomorrow, but it will happen.
hence buying a piece of a sound business like buffet does, will win at the end of the day. it's not glamorous but it will win.
Facebook aside you really see this across the board on almost any platform, that once the product reaches it's 1.0 stage, (where it is good, does what the users want it to do, and has realised its vision) it begins a process of gradual decay, as the focus of the product managers (now panicking to find some statistics to improve to show their bosses) shifts from "building functionality" to "increasing engagement/reten…
The fundamental issue at hand (something you neglected to mention), most of these platforms twitter, instagram, facebook and youtube are free! Now what does free entail, you being the product and thus it will always spiral down to "increasing engagement/retention/active users per month". Basically you are getting a product that is too good for free. Someone has to bear the brunt of that cost and that person must be e…
end of day, it's all the same shit.
Earlier quoted context omitted.
» Private companies can sometimes get away with it, as long as the people backing them don't start to see them as investment vehicles like any other public company. I don't know if anyone has any chance if Stack Exchange can't stay independent. Like the product was arguably "done" years ago if you ignore monetization. » As you may have seen in the news this morning, Prosus (AEX:PRX) has announced its intention to acq…
> This is, in some ways, the best possible outcome. Stack Overflow stays independent. Sometimes I wonder if the people writing these are actually as oblivious as they sound or is they're self aware enough to now be using this verbage to actually be messaging the exact opposite, given how many times this has been written and shown to be false, no matter how much people want it not to be. Does anyone actually believe t…